Hi there jtrespeces,
Yest, it is.
There is either something wrong with the drive itself or your system.
I would advise you to back up the data stored on it as soon as possible.
After that, you can try something simple as just connecting the drive with different cables as well as to a different SATA port. In case the issue persists, you can test the drive with a brand specific testing tool. In case the results show that the drive is fine, you should consider improving your system's cooling system.
Cheers,
D_Know_WD