ProPetro awarded ‘Buy’ rating in initial coverage from Bank of America Proactive uses images sourced from Shutterstock Bank of America has initiated coverage on ProPetro (NYSE:PUMP) with a 'Buy' rating and a price objective of $18, citing a combination of cyclical recovery in oilfield services and longer-term growth in power infrastructure. Shares of ProPetro traded up almost 3% at $15 on Monday afternoon. The bank’s analysts believe ProPetro is well placed for a recovery in hydraulic fracturing, or “ ...