H AND H OIL TOOL CO <HHOT> 4TH QTR LOSS Shr loss six cts vs profit two cts Net loss 196,000 vs profit 71,000 Revs 2,512,000 vs 5,776,000 Year Shr loss 1.09 dlrs vs loss 18 cts Net loss 3,509,000 vs loss 587,000 Revs 12.0 mln vs 21.0 mln Note: 1986 year includes special charge of 1,600,000 dlrs, or 50 cts per shr on write-down of rental equipment.