It has been a good year for United States Natural Gas (NYSE: UNG), the main exchange traded fund for natural gas.

United States Natural Gas is up for the last week, quarter, six months, and year of market action.  For 2014, United States Natural Gas has risen by more than 25 percent.  United States Natural Oil (NYSE: USO), the main exchange traded fund for oil, has done well, too.  United States Oil is also up for 2014, too.  The  energy market continues to be attractive to investors, as detailed in previous articles on this site.

That is certainly the situation with Range Resources (NYSE: RRC).

Operating primarily in the Marcellus Shale in Pennsylvania, Range Resources is up for the last week, month, quarter, six months and year of market action (chart below).  For 2014, Range Resources has risen by more than 11 percent.  It recently announced that it would begin producing from the Utica Shale, which is close to the Marcellus Shale in the northeast region of the United States.  That will make for more efficient operations.

Based on the way that the stock is performing, Wall Street obviously approves of more attention to the Utica Shale.

The consensus of the Wall Street analyst community is that Range Resources still has more growth ahead.  At present, Range Resources is trading for around $93 a share.  The mean analyst target price for Range Resources over the next year of market action is $100.47.  The high this year for Range Range Resources is $95.41.

Another bullish sign is that as well as Range Resource has done, its relative strength index is still not troubling.

The relative strength index is a measure of how the stock price relates to the underlying value of the company.  When the relative strength index is over 70, that is considered to be dangerous territory for a company.  At present, the relative strength index for Range Resources is around 65.