NEW YORK (TheStreet) -- Shares of McDermott International (MDR) - Get Report were gaining 22.8% to $3.21 Tuesday after the oilfield engineering company beat analysts' estimates for earnings in the fourth quarter.

McDermott reported earnings of 3 cents a share for the fourth quarter, beating analysts' estimates of a loss of 6 cents a share for the quarter. Revenue grew 55.9% year over year to $806.4 million for the quarter, above analysts' estimates of $715.83 million.

"McDermott is in a much stronger position today, compared to a year ago, as a result of our turnaround efforts," President and CEO David Dickson said. "With the recapitalization of the company in early 2014, we raised the liquidity needed to work through our legacy contracts, capital expenditure commitments and initiatives for 2014 and for the foreseeable future."

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The company said it expects to report revenue of $3.3 billion to $3.6 billion for full year 2015, above analysts' estimates of $2.79 billion for the full year. McDermott expects an operating income of $25 million to $50 million for 2015.

McDermott expects capital expenditures to be in the range of $275 million to $295 million in 2015.

TheStreet Ratings team rates MCDERMOTT INTL INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate MCDERMOTT INTL INC (MDR) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: MDR Ratings Report

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