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