Considered by USA Network to have fired too many blanks of late, Shooter has been canceled.

The drama will be permitted to wrap up its ongoing third season, but will not return for a fourth, according to Variety.

Five episodes remain on Season 3.

For this, the Ryan Phillippe-led series is averaging 740,000 total viewers and just under a 0.2 demographic rating among 18-49-year olds, a sharp drop from last year's figures of 1.25 million and 0.35, respectively.

As is so often the case these days when a show gets the axe, fans are likely wondering whether Season 4 could be picked up by Hulu or some other streaming service.

And Variety does report that Universal Cable Productions and Paramount Television, which co-produce the series, are looking into this exact possibility.

But the odds are very low.

Shooter is based on a number of novels by author Stephen Hunter.

It featured Phillippe in the leading role of Marine Corps sniper Bob Lee Swagger, a man who was yanked back into the dangerous fray after his former commanding officer asked for some assistance in stopping an assassination plot against the President of the United States.

However, Swagger then learned that he had actually been set up to take the blame for another murder...

... and set on a mission to prove his innocence.

The books were also made into a 2007 movie with Mark Wahlber.

While Phillippe was the name on the marquee, Shooter also starred:

- Shantel VanSanten (One Tree Hill) as Swagger’s wife Julie.

- Cynthia Addai-Robinson (Arrow) as FBI Agent Nadine Memphis.

- Eddie McClintock (Bones) as nefarious figure Jack Payne.

- Josh Stewart (The Punisher) as a sniper named Solotov.

- Jesse Bradford (The West Wing) as Harris Downey.

- Gerald McRaney (This Is Us) as Red Bama Sr.

Wahlberg and Phillippee both served as producers on Shooter.

Will you be said to see it go away?

Matt Richenthal is the Editor in Chief of TV Fanatic. Follow him on Twitter and on Google+.