Eni S.p.A. 4Q 2014 -- Forecast

FRANKFURT--The following is a summary of analysts' forecasts for Eni S.p.A. (E) fourth-quarter results, based on a poll of 13 analysts conducted by Dow Jones Newswires (figures in million euros, EPS, dividend and target price in euro, output in thousand barrel of oil equivalent (kboe/d), according to IFRS). Earnings figures are scheduled to be released February 18.

=== 
           oper. profit  net profit       EPS 
4th Quarter    adjusted    adjusted  adjusted   Output 
AVERAGE           1,895         614      0.17    1,585 
Prev. Year        3,521       1,301      0.36    1,577 
+/- in %            -46         -53       -53     +0.5 
 
MEDIAN            1,881         637      0.18    1,585 
Maximum           2,106         767      0.18    1,633 
Minimum           1,701         377      0.15    1,522 
Amount (a)           11          13         6       12 
 
Barclays             --         767        --    1,578 
Deutsche Bank     1,881         637      0.18    1,595 
Intesa Sanpaolo   1,732         577        --       -- 
Investec          2,037         621      0.17    1,614 
J.P. Morgan       2,106         694        --    1,522 
Morgan Stanley       --         674        --    1,566 
Natixis           1,809         377        --    1,633 
Oddo Securities   1,981         638      0.18    1,580 
RBC CM            1,874         651        --    1,581 
Societe Generale  1,736         571      0.16    1,602 
UBS               1,701         523      0.15    1,619 
 
 
           Target price  Rating               DPS 2014 
 
AVERAGE           16.42  positive 3  AVERAGE      1.12 
Prev. Quarter     19.23  neutral  4  Prev. Year   1.10 
+/- in %            -15  negative 3  +/- in %     +1.8 
 
MEDIAN            16.00              MEDIAN       1.12 
Maximum           22.00              Maximum      1.12 
Minimum           13.30              Minimum      1.12 
Amount                9              Amount          7 
 
Banka Akros       22.00  Buy                      1.12 
Barclays          18.50  Underweight              1.12 
Deutsche Bank     17.50  Hold                     1.12 
Investec          16.00  Buy                      1.12 
J.P. Morgan       13.50  Underweight              1.12 
Jefferies         13.30  Hold                       -- 
Natixis           14.50  Reduce                     -- 
Santander         16.00  Hold                     1.12 
Societe Generale     --  Buy                        -- 
UBS               16.50  Neutral                  1.12 
=== 

Year-earlier figures are as reported by the company.

(a) Including anonymous estimates from two more analysts.

DJG/mus 

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