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The residual symmetry of a (1 + 1)-dimensional nonlinear evolution equation (NLEE) ut+uxxx−6u2ux+6λux=0 is obtained through Painlevé expansion. By introducing a new dependent variable, the residual symmetry is localized into Lie point symmetry in an enlarged system, and the related symmetry reduction solutions are obtained using the standard Lie symmetry method. Furthermore, the (1 + 1)-dimensional NLEE equation is proved to be integrable in the sense of having a consistent Riccati expansion (CRE), and some new Bäcklund transformations (BTs) are given. In addition, some explicitly expressed solutions including interaction solutions between soliton and cnoidal waves are derived from these BTs.