T-3 Energy Services, Inc.’s (TTES) Price Target Raised

Jefferies & Company, Inc. has raised the price target for T-3 Energy Services, Inc. (NASDAQ: TTES) from $27 to $30.

The company has reported strong results for the fourth-quarter, which was positively impacted by a large shipment fracturing manifold to a customer in Canada. The company reported EPS of $0.26 for the fourth-quarter, beating Jefferies’ estimate of $0.25, and consensus estimate of $0.24.

According to Jefferies, the company’s product mix positions it to achieve sustainable growth in 2010, and beyond.

Jefferies continues to rate T-3 Energy Services, Inc. as a Buy.