Why These 3 Oil Sector Stocks Rose More Than 30% in April
Shares of oil-field services stocks Oceaneering International (NYSE: OII), Apergy (NYSE: APY), and TechnipFMC (NYSE: FTI) all jumped more than 30% in April, according to data provided by S&P Global Market Intelligence.
Technip, which provides general services for oil producers, saw its share price rise 32.2% in April. Onshore drilling specialist Apergy's shares soared 60.2%, while the stock of subsea services provider Oceaneering International skyrocketed 74.8% for the month. But even those impressive gains weren't enough to rescue the companies' long-term performances. For the year, shares of all three were down more than 60%, while they've all lost between 72% and 75% of their value over the last five years.
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Source Fool.com
