The firm also raised its price target for the stock to $8 from $4.
Resolute Energy is a Denver-based oil and gas company. Nearly 8.5 million shares of the company traded today vs. the stock's average of just over 600,000 shares per day.
Barclays said that the company has improved cash-flow generation capacities by shifting its production mix to the Permian Basin from more mature assets.
Oil prices, which tumbled today, have been a drag on the stock. Crude oil (WTI) dropped 3.81% to $45.01 per barrel and Brent crude fell 4.09% to $46.49.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of E+.
The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and weak operating cash flow.
You can view the full analysis from the report here: REN
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.