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.