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Is the Current Crude Oil Price Favorable for Ranger Energy's Business?
ZACKS· 2025-10-09 15:51
Key Takeaways Ranger Energy's business benefits from oil prices above $60 per barrel.Customers are prioritizing production activities, aligning with Ranger's service strengths.RNGR trades at a 3.19X EV/EBITDA, below the industry's 7.10X average, after a 10.9% stock gain.Per Oilprice.com data, the West Texas Intermediate (WTI) crude is currently trading at more than $60 per barrel mark. Since Ranger Energy Services Inc.’s (RNGR) overall business is positively correlated to oil prices, let’s analyze whether t ...
Powell Warns of Valuation Risks: 5 High Earnings Yield Value Picks
ZACKS· 2025-09-24 14:26
Core Insights - The U.S. Federal Reserve cut interest rates by 25 basis points after nearly nine months, initially boosting investor sentiment, but the S&P 500 ended a three-day rally shortly after [1] - Fed Chair Jerome Powell indicated that stock valuations remain high and the future of rate cuts is uncertain, while the labor market shows signs of slowing with moderating job growth and slightly rising unemployment [2] Value Investing Focus - In the current environment, a value investing approach focusing on quality companies at reasonable prices is particularly relevant [2] - Recommended stocks for value investors include Halozyme Therapeutics, Ranger Energy Services, Buenaventura Mining Company, Affiliated Managers Group, and LATAM Airlines Group, all of which exhibit high earnings yield [3] Earnings Yield Metric - Earnings yield is calculated as (Annual Earnings per Share/Market Price) x 100, indicating the anticipated return from earnings for each dollar invested [4] - A higher earnings yield suggests a stock is underpriced compared to those with lower earnings yield, which are seen as overpriced [4] Market Comparison - Earnings yield can be compared with the 10-year Treasury yield to assess the relative attractiveness of stocks versus bonds; when the market index yield exceeds the Treasury yield, stocks may be undervalued [5] Stock Screening Criteria - A primary screening criterion is an earnings yield greater than 10%, supplemented by estimated EPS growth for the next 12 months being greater than or equal to the S&P 500 [6] - Additional criteria include an average daily volume of at least 100,000 and a current price of $5 or more [7][8] Selected Stocks - Halozyme Therapeutics (HALO) is focused on oncology treatments, with projected earnings growth of 46% and 22.5% for 2025 and 2026, respectively [9] - Ranger Energy Services (RNGR) specializes in onshore well services, with expected earnings growth of 53% and 11.3% for 2025 and 2026 [11] - Buenaventura Mining Company (BVN) anticipates earnings growth of 4.4% and 17.7% for 2025 and 2026 [12] - Affiliated Managers Group (AMG) projects earnings growth of 13% and 15% for 2025 and 2026 [13] - LATAM Airlines Group (LTM) expects earnings growth of 45% and 19% for 2025 and 2026 [14]
The Best Value Stocks to Buy Now
ZACKS· 2025-09-16 22:36
Market Overview - The S&P 500, Nasdaq, and Dow reached all-time highs, driven by optimism surrounding artificial intelligence (AI) spending and its impact on earnings growth [1] - The Federal Reserve is expected to lower interest rates, providing additional support to the stock market [1] Investment Strategy - A potential pullback in the market may occur after significant gains since April, prompting investors to consider value stocks instead of chasing high-flying tech stocks [2] - Investors can screen for stocks that combine strong value with improving earnings outlooks as the market continues to rise [2] Value Stock Screening - The screening process utilizes Zacks Rank 1 (Strong Buys) or 2 (Buys) stocks, focusing on those with price-to-earnings (P/E) and price-to-sales (P/S) ratios below the industry median [4][8] - The screening also considers quarterly earnings rates above the industry median and incorporates upgrades and estimate revisions to identify the top seven stocks [5][8] Ranger Energy Services (RNGR) - Ranger Energy Services specializes in high specification mobile rig well services and has seen its stock price increase by 420% over the past five years, outperforming its industry and the S&P 500 [9] - RNGR is projected to grow its adjusted earnings per share (EPS) by 53% in 2025 and an additional 11% in the following year, earning a Zacks Rank 1 [10] - The stock trades at an 18% discount to the broader Zacks Oil and Gas sector and 25% below its industry average, indicating strong value potential [13]
Surging Earnings Estimates Signal Upside for Ranger Energy (RNGR) Stock
ZACKS· 2025-09-15 17:20
Core Viewpoint - Ranger Energy (RNGR) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook and a positive stock trend [1][9]. Earnings Estimate Revisions - Analysts have become increasingly optimistic about Ranger Energy's earnings prospects, as reflected in the upward trend of estimate revisions, which typically correlates with stock price movements [2]. - For the current quarter, Ranger Energy is expected to earn $0.38 per share, representing a year-over-year decline of 2.6%. However, the Zacks Consensus Estimate has increased by 46.15% over the last 30 days due to one upward revision and no negative revisions [5]. - For the full year, the company is projected to earn $1.24 per share, reflecting a year-over-year increase of 53.1%. The consensus estimate has risen by 42.53% in the same timeframe, supported by one upward revision and no negative revisions [6][7]. Zacks Rank - The positive revisions have led Ranger Energy to achieve a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance. Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008 [3][8]. - Stocks with Zacks Rank 1 and 2 (Buy) have been shown to significantly outperform the S&P 500, reinforcing the attractiveness of Ranger Energy as an investment [8]. Stock Performance - The stock has gained 8.6% over the past four weeks, driven by solid estimate revisions and improving earnings growth prospects, suggesting that it may be a timely addition to investment portfolios [9].
Best Value Stock to Buy for September 15th
ZACKS· 2025-09-15 13:31
Group 1: BorgWarner - BorgWarner is a global leader in clean and efficient technology solutions for combustion, hybrid, and electric vehicles, with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for BorgWarner's current year earnings has increased by 8.6% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.56, compared to the industry average of 15.30, and possesses a Value Score of A [2] Group 2: Ranger Energy Services - Ranger Energy Services is a provider of well service rigs and services primarily in the United States, also carrying a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Ranger Energy Services' current year earnings has increased by 42.5% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 11.02, compared to the industry average of 23.50, and possesses a Value Score of B [3] Group 3: First Financial Bank - First Financial Bank is a financial holding company engaged in commercial banking and other financial activities through seventeen wholly owned subsidiary institutions, with a Zacks Rank 1 [4] - The Zacks Consensus Estimate for First Financial Bank's current year earnings has increased by 6.1% over the last 60 days [4] - The company has a price-to-earnings ratio (P/E) of 9.32, compared to the industry average of 11.20, and possesses a Value Score of B [5]
Ranger Energy Services (RNGR) FY Conference Transcript
2025-08-26 16:02
Ranger Energy Services (RNGR) FY Conference Summary Company Overview - Ranger Energy Services provides high specification well service rigs, wireline, and ancillary oilfield services across the US, trading on NASDAQ under the symbol RNGR [1] - Founded in 2014, went public in 2017, and has since focused on production-oriented well services [4][5] Core Business and Market Position - Ranger operates primarily in production services (80%) with limited exposure to completions (20%), which helps mitigate risks in the cyclical oil and gas industry [9] - The company claims to have the largest active fleet of high specification rigs in the Lower 48 states, focusing on key areas like Texas and the Permian Basin [12][14] - Major clients include ExxonMobil, Chevron, Oxy, and ConocoPhillips, providing stability and through-cycle returns [15] Financial Performance - Ranger has a strong balance sheet with zero net debt and $120 million in total liquidity, including $48 million in cash [16] - The company has converted approximately 67% of its EBITDA into free cash flow, with a commitment to return at least 25% of free cash flow to shareholders through dividends and share repurchases [9][10][15] - Year-to-date, Ranger has returned 33% of cash flow to investors, historically exceeding 40% [15] Growth Strategies - Ranger has been focusing on electrifying its existing rig fleet, with plans to convert idle rigs into electric rigs, enhancing safety and operational efficiency [30][32] - The electrification project is expected to provide guaranteed returns from customers, with contracts already signed for two rigs [33][59] - The company is also developing a unique electric ticketing system and AI-driven safety monitoring to improve operational efficiency and safety [35][37] Market Dynamics and Competitive Landscape - The oilfield services market is becoming increasingly fragmented, with lower barriers to entry for new competitors, particularly in wireline services [20][21] - Ranger's focus on high specification rigs positions it uniquely in a market where major oil producers are looking for high-quality service providers [42] - The company is exploring acquisition opportunities to increase market share, currently holding around 20% of the market [54] Technology and Innovation - Ranger is investing in technology to enhance safety and operational efficiency, including the development of the Tango system for operational tracking and the Overwatch system for safety monitoring [35][37] - The electrification of rigs is seen as a path to growth, with strong demand signals from customers for additional electric rigs [34][58] Conclusion - Ranger Energy Services presents a compelling investment opportunity with strong fundamentals, a focus on shareholder returns, and innovative growth strategies in a competitive market [50]
Ranger Energy Services: Resilient Business Model And Shareholder Returns
Seeking Alpha· 2025-08-07 06:53
Core Viewpoint - The market is misjudging Ranger Energy Services by categorizing it with drilling-dependent peers despite its unique position in the oil sector [1] Company Analysis - Ranger Energy Services (NYSE: RNGR) is not solely reliant on drilling activities, distinguishing it from other companies in the sector [1] Market Context - There is a notable decline in U.S. rig counts and a sluggish macro environment for oil, which is affecting perceptions of companies in the industry [1]
Ranger Energy Services(RNGR) - 2025 Q2 - Quarterly Report
2025-07-29 20:53
PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited financial statements present Q2 2025 revenue and net income, with six-month cash flow and balance sheet highlights [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows **$381.7 million** in total assets and **$276.9 million** in stockholders' equity as of June 30, 2025 Condensed Consolidated Balance Sheet (Unaudited) | | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total current assets** | $151.6 million | $141.6 million | | **Total assets** | $381.7 million | $382.0 million | | **Total current liabilities** | $61.3 million | $62.9 million | | **Total liabilities** | $104.8 million | $108.2 million | | **Total stockholders' equity** | $276.9 million | $273.8 million | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenue increased to **$140.6 million** with net income of **$7.3 million**, and six-month net income more than doubled year-over-year Financial Performance Summary (in millions, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $140.6 | $138.1 | $275.8 | $275.0 | | **Operating Income** | $8.6 | $7.3 | $9.6 | $6.8 | | **Net Income** | $7.3 | $4.7 | $7.9 | $3.9 | | **Diluted EPS** | $0.32 | $0.21 | $0.35 | $0.17 | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity increased to **$276.9 million** driven by net income, partially offset by share repurchases and dividends - For the six months ended June 30, 2025, the company repurchased **$3.3 million** of Class A Common Stock and paid **$2.8 million** in dividends[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Six-month cash flow shows **$31.3 million** from operations, with **$11.6 million** used in investing and **$11.7 million** in financing activities Six Months Ended June 30, 2025 Cash Flow Summary (in millions) | Cash Flow Category | Amount | | :--- | :--- | | Net cash provided by operating activities | $31.3 | | Net cash used in investing activities | $(11.6) | | Net cash used in financing activities | $(11.7) | | **Increase in cash and cash equivalents** | **$8.0** | | **Cash and cash equivalents, End of Period** | **$48.9** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail segment operations, debt facilities with no borrowings, an **$85 million** share repurchase program, and significant customer concentration - The company operates in three reportable segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services[19](index=19&type=chunk)[23](index=23&type=chunk) - As of June 30, 2025, the company had no borrowings under its **$75.0 million** Wells Fargo Revolving Credit Facility, with **$71.2 million** available[45](index=45&type=chunk) - The company has an **$85.0 million** share repurchase program, with **$47.1 million** remaining as of June 30, 2025. It also increased its quarterly dividend to **$0.06 per share** in 2025[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk) - For the six months ended June 30, 2025, four customers accounted for approximately **28%**, **13%**, **11%**, and **10%** of consolidated revenues, indicating significant customer concentration[59](index=59&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses consistent performance, Q2 2025 revenue growth, strong liquidity, and capital return programs, despite Wireline segment weakness [Business Outlook](index=22&type=section&id=Business%20Outlook) The business outlook highlights consistent performance, Wireline segment weakness, benefits from E&P consolidation, and monitoring of crude oil prices - The Wireline segment continues to face weakness in demand due to declining completions activity and increased competition[83](index=83&type=chunk) - The company has so far benefited from E&P operator consolidation and expects favorable preference from larger organizations over the long term[84](index=84&type=chunk) - Management is monitoring potential activity reductions if crude pricing falls below **$60 per barrel**, but notes the business is supported by its production-oriented service lines[86](index=86&type=chunk) [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Q2 2025 revenue increased **2%** to **$140.6 million**, with net income up **55%**, and six-month Adjusted EBITDA growing to **$36.1 million** Q2 2025 vs Q2 2024 Performance (in millions) | Metric | Q2 2025 | Q2 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $140.6 | $138.1 | $2.5 | 2% | | **Operating Income** | $8.6 | $7.3 | $1.3 | 18% | | **Net Income** | $7.3 | $4.7 | $2.6 | 55% | Six Months 2025 vs Six Months 2024 Performance (in millions) | Metric | H1 2025 | H1 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $275.8 | $275.0 | $0.8 | 0% | | **Operating Income** | $9.6 | $6.8 | $2.8 | 41% | | **Net Income** | $7.9 | $3.9 | $4.0 | 103% | Adjusted EBITDA by Segment - Six Months Ended June 30 (in millions) | Segment | 2025 | 2024 | | :--- | :--- | :--- | | High Specification Rigs | $35.0 | $32.3 | | Wireline Services | $(0.7) | $0.6 | | Processing Solutions and Ancillary Services | $12.2 | $9.8 | | **Total Adjusted EBITDA** | **$36.1** | **$31.9** | [Liquidity and Capital Resources](index=32&type=section&id=Liquidity%20and%20Capital%20Resources) Total liquidity reached **$120.1 million** as of June 30, 2025, supported by **$31.3 million** cash from operations and a capital returns program - Total liquidity was **$120.1 million** as of June 30, 2025, consisting of **$48.9 million** in cash and **$71.2 million** in borrowing availability[137](index=137&type=chunk) Cash Flow Summary - Six Months Ended June 30 (in millions) | | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $31.3 | $34.1 | | Net cash used in investing activities | $(11.6) | $(20.3) | | Net cash used in financing activities | $(11.7) | $(20.8) | - The company's capital returns program includes an **$85.0 million** share repurchase authorization (**$47.1 million** remaining) and a quarterly dividend of **$0.06 per share**[149](index=149&type=chunk)[150](index=150&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risks](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risks) The company faces market risks from commodity price volatility and significant customer credit concentration, with minimal interest rate exposure - The company's business is indirectly exposed to oil and natural gas price volatility, which impacts customer activity levels[158](index=158&type=chunk) - Interest rate risk is currently low, as the company had no outstanding borrowings under its variable-rate Wells Fargo Revolving Credit Facility as of June 30, 2025[156](index=156&type=chunk) - The company faces significant credit risk, with its top three customers accounting for **52%** of consolidated net accounts receivable as of June 30, 2025[157](index=157&type=chunk) [Item 4. Controls and Procedures](index=35&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[161](index=161&type=chunk) - No changes were identified during the quarter ended June 30, 2025, that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[162](index=162&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=36&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently subject to any material litigation, and existing legal matters are not expected to have a material adverse effect - The company is not currently subject to any material litigation, and the outcome of any existing matters is not expected to have a material adverse effect on its financial condition[163](index=163&type=chunk) [Item 1A. Risk Factors](index=36&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the Annual Report on Form 10-K, to which stakeholders are referred - Factors that could materially affect the business are described under 'Risk Factors' in the company's Annual Report[164](index=164&type=chunk) [Item 2. Unregistered Sales of Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **278,100** shares for **$3.3 million** in Q2 2025, with **$47.1 million** remaining under its **$85.0 million** repurchase program Issuer Purchases of Equity Securities (Q2 2025) | Period | Total Shares Repurchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2025 | — | $— | | May 2025 | 20,600 | $11.62 | | June 2025 | 257,500 | $12.04 | | **Total** | **278,100** | **$12.01** | - The company's total share repurchase program authorization is **$85.0 million**, with **$47.1 million** remaining available as of June 30, 2025[165](index=165&type=chunk)[167](index=167&type=chunk) [Item 5. Other Information](index=37&type=section&id=Item%205.%20Other%20Information) No directors or executive officers adopted or terminated Rule 10b5-1 trading arrangements during the second quarter of 2025 - No directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement during the second quarter of 2025[168](index=168&type=chunk) [Item 6. Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Quarterly Report, including CEO and CFO certifications and iXBRL data files - The exhibits filed with the Form 10-Q include certifications from the CEO and CFO as required by the Sarbanes-Oxley Act of 2002[171](index=171&type=chunk)
Ranger Energy Services(RNGR) - 2025 Q2 - Earnings Call Transcript
2025-07-29 15:00
Financial Data and Key Metrics Changes - For Q2 2025, the company reported revenue of $140.6 million, reflecting a 4% sequential increase from Q1 and a 2% year-over-year improvement [16][5] - Adjusted EBITDA for the quarter was $20.6 million, a sequential increase of 33% from Q1, but 2% lower than the prior year due to service line mix and margin pressure [16][17] - Consolidated margins were 14.7%, showing significant improvement from Q1 and consistent with the previous year [17] Business Line Data and Key Metrics Changes - The High Specification Rig segment generated $86.3 million in revenue and $17.6 million in adjusted EBITDA, with margins over 20% [6][18] - Ancillary services reported revenue of $32.2 million and adjusted EBITDA of $6.6 million, with margins of 20.5% [18] - Wireline services achieved positive adjusted EBITDA of $1.6 million on $22.1 million of revenue, marking a significant turnaround [7][19] Market Data and Key Metrics Changes - The company experienced higher asset turnover as customers adjusted their well programs due to market conditions, but demand in core service lines remained strong [5] - Rig hours improved, indicating strong demand and utilization of the fleet, despite a 2% decline in pricing quarter-over-quarter [18][44] Company Strategy and Development Direction - The company is focused on disciplined capital allocation, maximizing free cash flow, and prioritizing shareholder returns [12][13] - The launch of the ECO rig, a hybrid double electric workover rig, is a key innovation aimed at reducing emissions and improving operational efficiency [8][9] - The company aims to pursue accretive M&A and organic growth opportunities while maintaining balance sheet strength [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for Q3 performance while remaining cautious about Q4 due to potential winter weather impacts [20][21] - The company anticipates continued stability in core segments, with a focus on delivering high-quality service and targeted innovation [21][22] Other Important Information - Free cash flow year-to-date totaled $17.8 million, up 45% from the prior year, with a cash balance of $48.9 million and total liquidity of $120.1 million [19] - The company repurchased 278,000 shares for $3.3 million and plans to continue share repurchases as the current share price is seen as a compelling investment [20][66] Q&A Session Summary Question: Regarding the new Echo rig contract and its payback - Management indicated that the Echo rigs are expected to have similar or potentially better return profiles compared to traditional rigs, with customers sharing incremental costs through down payments and increased rates [28][30] Question: On wireline services and market conditions - Improvements in wireline services are attributed to internal cost management and seasonal activity increases, rather than solely market consolidation effects [31][32] Question: Uncertainty in Q4 and potential for gas basins - Management expressed hope for increased activity in gas basins but noted that it would depend on customer budgets and production profiles [34][35] Question: Scaling the Echo rig and customer demand - The scaling of Echo rigs will be driven by customer demand, with potential for significant future deployment based on current interest [40][41] Question: Capital spending and cash allocation - The company plans to maintain disciplined capital spending while considering share repurchases and potential M&A opportunities, ensuring sufficient cash for various strategic paths [62][68]
Ranger Energy Services(RNGR) - 2025 Q2 - Earnings Call Presentation
2025-07-29 14:00
Financial Performance - Revenue increased to $140.6 million in Q2 2025, up from $138.1 million in Q2 2024 and $135.2 million in Q1 2025[8, 10] - Net income rose to $7.3 million in Q2 2025, compared to $4.7 million in Q2 2024 and $0.6 million in Q1 2025[10] - Adjusted EBITDA for Q2 2025 was $20.6 million, with an Adjusted EBITDA Margin of 14.7%[10, 12] - Free Cash Flow generation was $14.4 million in Q2 2025[6, 10] Segment Highlights - High-Specification Rigs segment revenue was $86.3 million in Q2 2025[15] - Processing Solutions & Ancillary Services segment revenue increased to $32.2 million in Q2 2025[20] - Wireline Services segment revenue rebounded to $22.1 million in Q2 2025[25] Capital Returns - The company repurchased 278,100 shares in Q2 2025 for $3.3 million at an average price of $12.01 per share[6] - $4.6 million of Free Cash Flow was returned to shareholders through dividends and repurchases in Q2 2025[6] - Since the program inception, a total of 3,603,900 shares have been repurchased, representing 16% of the company's outstanding shares[6] Liquidity - The company ended Q2 2025 with $120.1 million of liquidity, including $48.9 million of cash on hand[13]