Shares of oilfield services companies Schlumberger (NYSE: SLB), Helmerich & Payne (NYSE: HP), and National Oilwell Varco (NYSE: NOV) rose between 24% and 29% in April, according to data from S&P Global Market Intelligence. Schlumberger saw its shares rise 24.7%, while shares of its fellow general services provider National Oilwell Varco jumped 28.6%. Meanwhile, shares of onshore oil rig operator Helmerich & Payne were up 26.3% for the month.
It was a reversal from the prior month, when all three stocks plummeted between 47.5% and 57.6%. So April's gains didn't do much to offset those losses: Year to date, each of the three companies has lost more than half of its value. All three are also down more than 75% over the last five years.
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