T-3 Energy (TTES) reported financial results which handily beat Wall Street estimates. The company’s bottom-line jumped 50% year-over-year to $0.60 per share, on a 36% increase in revenue.

As we predicted here earlier this month, in our piece, Will TTES’s Secondary Unlock Value, Wall Street research firms are finally beginning to market this fast-growing oil services company, following the recent completion of the sale of all of First Reserve’s shares to institutional investors. This morning Bear, Stearns, initiated coverage of TTES with an outperform rating and a $32 price target.

Our last post on this stock, was nearly a year ago, and we think it’s finally time for an update, since bullish speculation in the shares could heat up in the coming months.

T-3 Energy Services (TTES) just reported excellent fourth quarter earnings. It´s hard to know how to value this company, given its exposure to the cyclical Oil and Gas industry, but the numbers sure make us optimistic about the coming year. Given the extremely low float in this stock, a modest valuation upgrade for the shares […]

With the release of today´s bullish news by T-3 Energy Services (TTES), it now becomes understandable why the stock has performed strongly thus far in 2006. It also explains why insiders recently excercised options at about $11.40 per share. Bottom-line: Hold on to TTES thru 2006 and buy on dips. With a tiny share float […]

TTES out with a 10Q tonight. Stock was down big today. Clearly, somebody knew about earnings and sold beforehand. But, I didn´t see much in the financial report that changes anything as it relates to the stock, and there is no reason to sell now. However, there are two non-financial items that are worth noting. […]

I just bought some more of TTES at $12.13. The stock, like many other energy plays, has dropped significantly in the last few weeks, pretty much back to where I first bought it in August.
Before getting to this particular pick, I do believe that energy stocks, in general, are good buys here. The stocks have […]