NEW YORK ( TheStreet) -- Gulfport Energy Corporation (Nasdaq: GPOR) is trading at unusually high volume Wednesday with four million shares changing hands. It is currently at 4.4 times its average daily volume and trading up $2.22 (+7.5%) at $31.75 as of 4 p.m. ET.

Gulfport Energy has a market cap of $1.62 billion and is part of the basic materials sector and energy industry. Shares are up 36.4% year to date as of the close of trading on Tuesday.

Gulfport Energy Corporation engages in the exploration, development, and production of oil and natural gas properties. Its principal properties consist of the West Cote Blanche Bay and Hackberry fields in the Louisiana Gulf Coast; and the Permian Basin in West Texas. The company has a P/E ratio of 16.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gulfport Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Gulfport Energy Ratings Report.

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