Schlumberger Limited. (NYSE:SLB) Moves Up

tags: SLB

The announcement of the result of thee UK’s referendum to leave the EU created quite a bit of turmoil on the market, and dealt most NASDAQ and NYSE giants a nasty blow, but Schlumberger Limited. (NYSE:SLB) seems to have already set out on the road to recovery.

The strange thing in this whole situation is that even though it has recovered with decisive speed, quite a few online stock analysts seem to still be waving the “sell” sign when it comes to SLB stock. Case in point – iStreetWire called SLB “overbought, sell now” – and there are other commenters that have given similar signs.

Then there’s analysts such as EngelWoodDaily and ZergWatch report that the company is yet to realize its full potential – which is a position that also seems to make sense.

True, the fact that Campbell Newman Asset Management Inc has decided to decrease its stake in SLB is not a very good sign. Additionally, as EngelWoodDaily pointed out, the SLB has underperformed lately. Then again, that news hit the web two days ago, when SLB‘ hadn’t really set off on its newest bounce.

Still, regardless of the negativity of many of the analysts looking at it, SLB is off to an impressive green start today – it is already 1.98% up in early trading.