Yes, it is a resistor. But the value isn't silk screened under it and this one is burned a bit in the middle. First band is red (2), second band is violet (7), can't read the next one or two bands to determine if there is a third digit or just the multiplier which I can't read either, tolerance band is gold (5%),

It tests at 217.7 so it is already out of tolerance since the second band is violet.

Does anyone know what the prescribed value of it is?