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NEW YORK ( TheStreet) -- Gulfport Energy Corporation (Nasdaq: GPOR) hit a new 52-week high Monday as it traded at $34.45 compared with its previous 52-Week high of $34.26. Gulfport Energy is changing hands at $34.45 with 262,014 shares traded as of 10:11 a.m. ET. Average volume has been 599,600 shares over the past 30 days. Gulfport Energy has a market cap of $1.5 billion and is part of the basic materials sector and energy industry. Shares are up 53.7% year to date as of the close of trading on Friday. Gulfport Energy Corporation engages in the exploration, development, and production of oil and gas in the Louisiana Gulf Coast and the Permian Basin in west Texas. The company also holds indirect interests in the Alberta Oil Sands in Canada. The company has a P/E ratio of 30.4, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.2.